Zuhair Ul Haq’s Post

Summer = Ice Cream. 🍦 And, it is BIG business. In 2023, the global ice cream market hit $76 billion according to Fortune Business Insights™ Retailers are always working to sweeten the deal for consumers by offering limited edition flavors, private brands, promotional coupons and even Publix Super Markets is hitting the road with an ice cream truck in select states. The heat is on when it comes the ice cream aisle since 84% of ice cream sales are from grocery stores according to data from the International Dairy Foods Association (IDFA). Since it's National Ice Cream Month, I am planning on indulging in some of my favorites --- mint chocolate chip, butter pecan and of course, a Dairy Queen soft serve! #icecream #icecreammonth #summer #grocery #foodandbeverage #retailindustry #retailers #dairyindustry

Social media platforms like Instagram and TikTok have become a breeding ground for viral bakery trends and have a major influence on new product innovation across bakeries, cafes and retail. Our experts continue to track these viral moments and have put a spotlight on three viral cake trends from 2024. Click the link below to see what made the list: https://okt.to/ztmQbw #DawnFoods #BakeryInsights #IndustryInsights

Sweet stats, anyone? The Bakery Playbook: Pastries by American Bakers Association is fresh out of the oven and packed with insights into consumer behavior! Did you know: 🥐 90% of consumers agree pastries make any day a little sweeter. 🛒 69% of shoppers snag their favorites from grocery in-store bakeries. Want to dive deeper into U.S. consumer trends, shopping habits, and the evolving pastry marketplace? 👉 Download the full report here: https://lnkd.in/gnyNpTz2 #BakeryInsights #FoodieFacts #BakingIndustry #IBIE

❄️🍴 The frozen entrees category is navigating shifting consumer habits, with SPINS' December 2024 Category Report highlighting a decline in dollar and unit sales. While frozen meals face steeper challenges, frozen pasta holds steady. Dive into the data to learn more. https://lnkd.in/gz6WNDEF #FrozenFood #CPGTrends #FoodIndustry #ConsumerInsights #MarketTrends

Lumina Intelligence latest Eating Out report has been released - I know a lot of our clients look forward to this report in particular to help with next year planning from a sales, brand and category perspective so do get in touch if you are yet to receive your copy! Some of the key headlines from our market sizing and competitive landscape sections: 📈 the UK eating out report is expected to grow 2.8% in 2024F outpacing its pre-pandemic value by 8.2%. 👎🏻 Service-led restaurants however face a challenging outlook as the only channel to remain behind its 2019 market value. 👍🏻 Sandwich & bakery and coffee shops are expected to have achieved value growth of 32% and 24% from 2019-2024F Another fantastic report from Katie Gallagher Megan Thresher Maggie Davis 👏🏻 #eatingoutinsights #eatingoutmarketsizing #hospitalityforecasts

📈 Trend Alert! 📈 As your trusted market research platform, we're here to keep you ahead of the curve. Today, we're talking about Bento Cake - an emerging trend that's sweetening the food & beverage industry. 🍰 Bento Cakes are miniature delights, typically 4 inches in diameter, conveniently placed in takeout boxes. Their compact size and portability are making them a hit amongst consumers who crave for a quick treat on-the-go. According to our data, there's been a 29% increase in Google search volume for Bento Cakes over the past year, indicating a growing interest and demand. This trend is not just a flash in the pan, it's a significant shift in consumer preference that food & beverage manufacturers need to take note of. Third-party data also supports this story. Key categories of interest include food, food-beverage, retail, and industry. This trend is not just reshaping the bakery segment but also influencing retail and industry practices. Stay ahead with Suzy - your data-driven, informed, and confident market research partner. Let's leverage these insights to create products that meet the evolving consumer needs. #BentoCake #FoodTrends #MarketResearch

Wizard of Lightbulb Moments: Price is definitely top of mind for today's snackers, but it's taste and flavor that remain the number one driver. Consumers may be seeking value, but they’re not willing to compromise on bold, global flavors. The key to winning in this space? Deliver exciting flavors at a price that feels just right. 🌍🍿💰 Follow Culinary Tides, Inc. and subscribe to our YouTube channel and Suzy Badaracco on Instagram for more insights. #CulinaryTides #SuzyBadaracco #SnackTrends #GlobalFlavors #TasteIsKing Here is a glimpse of this trend: Price-Conscious Snackers Seek Value, Global Flavors In-Store In response to rising grocery prices over the past year, consumers have made adjustments to their budgets. According to 84.51’s 2024 Consumer Digest Snacking Trends report, 68% of consumers are actively searching for sales, deals, and coupons, while 55% are cutting back on non-essential items like snacks and candy. Price remains the top factor for 32% of consumers when purchasing snacks, followed by quality (15%) and flavor (13%). Despite these budget-conscious behaviors, 85% of consumers continue to buy snacks from grocery stores, with 60% also shopping at mass retailers, emphasizing the importance of physical stores in attracting snack buyers. See our full Quarterly Spotlight Trend for FREE: https://lnkd.in/e-XbmDPQ #snacking #Culinary Tides #FlavorTrends #foresight

Wizard of Lightbulb Moments: Price is definitely top of mind for today's snackers, but it's taste and flavor that remain the number one driver. Consumers may be seeking value, but they’re not willing to compromise on bold, global flavors. The key to winning in this space? Deliver exciting flavors at a price that feels just right. 🌍🍿💰 Follow Culinary Tides, Inc. and subscribe to our YouTube channel and Suzy Badaracco on Instagram for more insights. #CulinaryTides #SuzyBadaracco #SnackTrends #GlobalFlavors #TasteIsKing Here is a glimpse of this trend: Price-Conscious Snackers Seek Value, Global Flavors In-Store In response to rising grocery prices over the past year, consumers have made adjustments to their budgets. According to 84.51’s 2024 Consumer Digest Snacking Trends report, 68% of consumers are actively searching for sales, deals, and coupons, while 55% are cutting back on non-essential items like snacks and candy. Price remains the top factor for 32% of consumers when purchasing snacks, followed by quality (15%) and flavor (13%). Despite these budget-conscious behaviors, 85% of consumers continue to buy snacks from grocery stores, with 60% also shopping at mass retailers, emphasizing the importance of physical stores in attracting snack buyers. See our full Quarterly Spotlight Trend for FREE: https://lnkd.in/dmHRsbxf #snacking #Culinary Tides #FlavorTrends #foresight

🍪 Did you know sweet and savoury biscuits are on the rise? From your afternoon snack to your favourite cracker for cheese, the biscuit category is booming! 📈 Grocery Multiples dominate the market, representing a huge 70% of sweet biscuit sales and an even more impressive 80% of savoury biscuit sales. Opportunities also arise for growth in convenience and multiples. ⏳ Want to dive deeper into the trends driving this category? Discover the full story in our latest report! Whether you're in the business or just curious, there’s plenty to uncover about where the market’s heading. 🚀 Explore the sweet and savoury biscuit trends here: 👉 https://bit.ly/3TUBxhp #MarketTrends #FoodIndustry #BiscuitsOnTheRise #SweetAndSavoury #BusinessGrowth